Musk Reconsiders Raising Capital For Tesla Unlisted Video

SAN FRANCISCO -- Elon Musk’s declarations that Tesla Inc. was done losing money and needing to raise more cash turned out to be premature. The CEO is reopening the door to seeking capital for the maker of the electric Model 3 sedan after posting a bigger-than-expected loss for the first quarter. A record drop in deliveries, combined with the company’s largest-ever debt payment, depleted cash to the lowest level in three years. Tesla shares fell 2.1 percent in early trading to $253.28 in New York.